JD.com (NASDAQ:JD) Stock Rating Reaffirmed by Benchmark

JD.com (NASDAQ:JD)‘s stock had its “buy” rating reiterated by Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $55.00 target price on the information services provider’s stock. Benchmark’s target price suggests a potential upside of 118.69% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. HSBC boosted their target price on JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Barclays cut their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Mizuho increased their price target on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Citigroup cut their price objective on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.07.

JD.com Stock Up 0.4 %

Shares of NASDAQ JD opened at $25.15 on Tuesday. The company has a market cap of $39.66 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.20 and a beta of 0.54. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $25.26 and its 200 day moving average is $25.90. JD.com has a 52 week low of $20.82 and a 52 week high of $41.95.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, equities research analysts expect that JD.com will post 2.85 earnings per share for the current year.

Institutional Trading of JD.com

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Voloridge Investment Management LLC increased its holdings in shares of JD.com by 2,693.5% in the 4th quarter. Voloridge Investment Management LLC now owns 6,397,396 shares of the information services provider’s stock worth $184,821,000 after purchasing an additional 6,168,384 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of JD.com during the fourth quarter valued at $114,009,000. Dodge & Cox increased its holdings in JD.com by 18.9% in the 4th quarter. Dodge & Cox now owns 21,944,549 shares of the information services provider’s stock worth $633,978,000 after buying an additional 3,482,900 shares in the last quarter. FIL Ltd raised its position in JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in JD.com by 292.4% during the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after acquiring an additional 3,305,956 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Company Profile

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.